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BlackBull Markets Review | Security, Apps & Features | Invezz

BlackBull Markets is a brokerage firm that allows users access to over 80 trading instruments. A trader can access financial instruments like forex, index CFDs, commodities, precious metals, and energy through the broker’s platform. It offers options for trading in excess of 64 currency pairs, and leverage of up to 500:1 regardless of what type…

What can I do with BlackBull Markets?

BlackBull Markets is a brokerage firm that allows users access to over 80 trading instruments. A trader can access financial instruments like forex, index CFDs, commodities, precious metals, and energy through the broker’s platform. It offers options for trading in excess of 64 currency pairs, and leverage of up to 500:1 regardless of what type of account you sign up for.

The platform has partnered with leading liquidity providers so as to ensure that BlackBull clients have access to deep liquidity and that trades are secure. The ECN liquidity allows traders to directly connect with liquidity service providers without any internal desks, and this aggregation protocol allows fast execution of trades and access to lower spreads. 

In addition to this, BlackBull Markets also provides an education gallery that includes trading glossary terms, videos, and guides. The platform’s trading resources further include economic calendar and market reviews – but these are not updated on a daily basis.

Which assets can I trade?

These are the following assets that you can trade on BlackBull Markets:

  • Forex (64+ currency pairs)
  • Index CFDs
  • Commodities
  • Precious metals (Gold and Silver)
  • Energy

Payment Methods

BlackBull Markets allow the following payment methods on its platform:

  • Bank transfer
  • Credit card
  • Skrill
  • Neteller
  • China Union Pay
  • FasaPay

What devices can I use BlackBull Markets on?

BlackBull Markets does not have its proprietary software. Instead, it enables trading via the prominent MetaTrader 4 platform and through its web platform. You can access these trading platforms from the following devices:

  • Desktop or laptop (Web browser)
  • Software download on desktop or laptop
  • Android
  • iPhones

The software download version of MT4 platform supports a wide range of indicators. While these can also be accessed via smartphone applications, you’ll have access to a better experience and more information if using a laptop or desktop computer. 

How easy is it to use BlackBull Markets?

BlackBull Markets provides trading through the popular MT4 platform, commonly used for forex trading. It does not have its own interface or trading platform. Having said that, the MT4 platform is a user-friendly trading platform that offers a wide range of trading indicators and tools for analysis. You can customise the charts visible on the platform by adding your own indicators and add-ons, so as to create a tailored user experience for your needs. 

It is worth noting, however, that as there isn’t any proprietary software there are no additional analysis or extra add-on benefits while using the BlackBull Markets interface. In addition to this, the trading instruments offered by the platform are limited. That being said, BlackBull Markets does offer a wide range of options while trading in the forex market, and users benefit from the platform’s in-house trade aggregation network. 

To help make sure all users know their way around, BlackBull Markets allows the opening of a demo account. This is great for beginners, who can familiarise themselves with the markets as well as the BlackBull trading platform. 

Countries supported

While BlackBull Markets are a regulated entity and provide their services in multiple countries, some countries are exempted from using the broker’s platform. The list includes OFAC sanctioned countries, the USA, and Spain. Further, in New Zealand, the company only accepts clients that fall under the category ‘Wholesale Investor’ or ‘Eligible Investor’ definition. 

Regulation 

BlackBull Markets is registered in New Zealand with the Financial Services Provider Registry (FSPR). Additionally, the firm is also a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme, as is regulated under FMA and FSA. Their Financial Services Providers Register (FSPR) number is FSP403326.

In addition to being regulated by these bodies, BlackBull Markets holds clients’ funds in segregated bank accounts in ANZ Bank.

Account Verification

As a regulated services, BlackBull Markets maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy. To open a trading account on BlackBull Markets, you are required to provide:

  • ID verification: To verify your identity, you are required to provide a valid passport, government ID like a driver’s license, or a national identity card.
  • Proof of residence: A utility or phone bill, or a bank statement containing your current address and the document must not be older than 90 days. 

Customer support

The BlackBull Markets has a number of support channels to access the company’s customer service. They offer email service and toll-free contact number (for NZ clients) to provide support via phone call. Additionally, they also have an option of live chat on their website. 

The company does not have any support form on their website, and it is also important to note that their customer service team is not accessible 24/7. For instance, the live chat option is available 24/5. 

The broker

First impressions

BlackBull Markets offers a simple and intuitive mostly-forex trading platform for beginners. It is easy to navigate between multiple options available on its website for details on trading instruments, guides, infrastructure, and technology. Although the website answers all the important questions that a trader might have, there is not a dedicated page for frequently asked questions. 

While the trading platform is not proprietary software, the USP of the BlackBull Markets’ platform is that it enables ECN-based accounts, a greater market depth, faster execution of trades, and access to its aggregation protocol. Furthermore, while it offers limited options for trading instruments, there are a number of options available for payment methods on BlackBull Markets. 

What currency pairs can be traded?

More than 64 currency pairs can be traded on BlackBull Markets. This includes:

  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • CAD/CHF
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/NZD
  • EUR/SEK
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/NZD
  • NZD/CAD

Are there fees for trading?

Yes, but it depends on the type of account you have. While trading in the forex market, a trader pays a commission charge based on their account status; there are 3 types of ECN accounts with varying charges on commission. While the ECN standard account does not levy any commission charge, there is a $6 commission charge in ECN prime account. 

BlackBull Markets does offer competitive spreads starting from $0.8 in ECN standard account and $0.1 in ECN prime account. Additionally, users have the option of registering for Islamic accounts, which have no swap fees.

What is the minimum spread?

A minimum spread is the smallest difference between the buy and sell prices of any asset. On BlackBull Markets, the minimum spread changes depending upon the type of account you have. According to the platform’s website, the aggregation protocol that connects traders directly with liquidity providers allows traders to access very low spreads. The minimum spread for ECN prime account is 0.1 pips, and for ECN institutional accounts spreads start from 0.0 pips.

Can I trade assets with leverage?

Yes. Trading with BlackBull Markets facilitates traders with leverage up to 1:500 irrespective of the type of account you open. This means you can open a position worth $500 while only staking $1 of your own money. If the market moves in the right direction, this can maximise your profits, but it can also lead to large losses if the opposite happens.

Leveraged trading is highly risky in the forex market, and we recommend that only experienced traders use leverage when opening forex positions.

What are the margins required?

On BlackBull Markets, margin requirements differ with the type of asset, the level of leverage, trading pair, volume, and current trading value. For instance, a minimum balance of $1000 might be required to open a leveraged trade. The formula of margin requirement on BlackBull Markets indicates that the higher the leverage, the lower the margin required. A margin below 50% will automatically close all your open trades. 

Can I open long and short positions?

Yes. BlackBull Markets supports the opening of both long and short positions. A long position is when you bet that the price of an asset is going to go up. A short position is when you bet that the price of an asset is going to go down. In a short position, a trader sells the asset to buy it at a cheaper rate and thereby makes a profit if the price goes down. 

Are there withdrawal and deposit limits?

Yes. Once again, the minimum deposit requirements vary based on the type of ECN account you open, starting from $200 with the most basic account (ECN Standard), and rising to $20,000 with the most advanced (ECN Institutional).

Withdrawals are carried out through Neteller, UnionPay, Skrill and Bank Transfer. Apart from international bank transfers, most of these methods ensure that funds withdrawn are deposited within 24 hours, and the minimum withdrawal starts at $100. Also, there is a $5 withdrawal fee charged each time that you withdraw money from BlackBull Markets. 

Summary of BlackBull Markets forex trading

The BlackBull Markets platform offers a wide selection of trading pairs for users to choose from, and facilitates trading through the user-friendly MT4 trading platform. While the broker does charge a commission fee for some of its accounts, it also offers competitive spreads to users to enable affordable access to forex trading. Additionally, it enables faster trade execution and ECN-liquidity to provide institutional-grade services to its retail clients. 

Conclusion

BlackBull Markets has established itself as a trusted platform for providing trading in financial instruments since it was founded in 2014, most notably with its forex trading services. Traders can open three different levels of account, which all give access to ECN execution of trades. BlackBull Markets is fully regulated, and complies with Know Your Customer and anti money laundering legislation to ensure the security of the platform.

It also has multiple servers located in different countries to ensure that clients have instant access to the marketplace. While the number of trading instruments available on BlackBull Markets is relatively limited, the platform does offer a wide selection in the forex market, and there’s a reason it has built such a strong reputation in a short length of time.

How to set up an account


  1. Access the official website of BlackBull Markets and click on ‘Sign Up’ available on the upper-right side of the page. (Alternatively, you can also open a 30-day demo trading account to familiarise yourself with the platform).
  2. Insert basic details including your full name, email address, and contact number. 
  3. Choose from the three available account types on the BlackBull Markets platform.
  4. Confirm your account by verifying the link sent on your email. 
  5. Submit proof of ID and proof of address as well as other relevant documents.
  6. Your application will be reviewed by their team. 
  7. Once your application is verified, deposit the minimum amount based on the account you selected. 
  8. Start trading. 
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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Daily Financial News

Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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easyMarkets launches Ethereum and Ripple.

easyMarkets launches the crypto-markets’ best kept secret – Ethereum and Ripple.

The crypto markets are the new frontier of trading, we have seen unprecedented movement – from astonishing peaks to abrupt crashes – behaviors and easyMarkets launches Ethereum and Ripple.movements no other instrument experiences or has experienced previously.

Bitcoin was immensely popular when we introduced it to our customers in 2017. After closely following the innovative cryptocurrency markets we found two more immensely interesting (but less visible) cryptos to add to our offerings – Ethereum and Ripple.

easyMarkets launches Ethereum and Ripple.

Ethereum is a blockchain based cryptocurrency like Bitcoin, whereas Ripple is a cryptocurrency payment protocol, touted as a solution to perform payments for institutional clients. Although Bitcoin was undeniably the markets’ star in 2017 – these two crypto-counterparts had equally impressive movements.

Ripple towards the end of 2017 had a notable 33014% overall climb with a market cap of $83.6 Billion. This was assisted by Ripple’s collaboration with institutional users like American Express.

Ethereum had climbed an astounding 8,885% from the beginning of 2017 until the end of that year with a respectable market cap of 69.3 billion. Purely as a cryptocurrency it seemed to even outdo its forefather – Bitcoin – by completing transactions quicker and more effectively.

they have also lowered our spreads on Bitcoin!

Of course, all of their cryptocurrencies include easyMarkets great trading conditions:

Trading Conditions

  • There’s  zero slippage on the easyMarkets web platform meaning your Ripple trades will be executed at the price you see on your screen.
  • You can trade Ripple during its most active times, around the clock, five days a week.
  • They got you covered with an in-depth eBook and plenty of other trading education resources.
  • Make sure you have an exit plan in place by taking advantage of our 100% guaranteed Stop Loss and Take Profit.
  • They cover your deposit and withdrawal fees, so that the amount you deposit or withdraw is the amount you receive.
  • Negative Balance Protection means you can never lose more than you invest when you trade Ripple CFDs at easyMarkets.
 easyMarkets launches Ethereum and Ripple.
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